Funds kept in accounts with password not accessible to family for urgent needs
Health insurance hidden in emails unknown to others in case you are down yourself
Discovering assets a struggle for kin if primary owners are impacted together
Information of old assets or liabilities not updated resulting in loss or penalty risk
Bank account is a financial asset. Net banking password gives access to it and your identity proof verifies your ownership. Families would need the complete asset information to access during emergencies or claim eventually.
People do not keep nominee information updated. Sometimes nominees are not longer valid, they relocate or pass away. Nominees are also not informed about the asset for them to keep track when the time comes.
Majority do not make a will. Those who do generally do it old age and if they have multiple contenders to their assets. Wills are also macro without detailed information of every asset. Moreover, they come into force on demise only.
Most governments assist their citizens in reclaiming forgotten assets. They have departments and processes to do so. However, one would initiate it only if you know something exists, otherwise there is no starting point.
Nominees and wills have existed for decades. Yet unclaimed assets keep rising every year. They are in billions in USA, UK and India.
Store asset data and connect it privately with family. Add passwords, funds, loans, insurances, property and more. For life's emergencies, choose an inheritor.
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